Ladbrokes-owner Entain said on Monday it is targeting a core profit of $500 million in 2026 at its U.S. sports-betting service BetMGM, which it jointly owns with MGM Resorts. The online sports betting sector has rebounded as live sporting events returned after the pandemic. Gambling firms have also been beefing up their offerings in the United States after the country's Supreme Court struck down a federal law that banned most states from sports betting.
BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain") will host a business update for analysts and investors at 11:00 a.m. Eastern Time today.
MGM Resorts International (NYSE: MGM) today unveiled its vision to transition Empire City Casino by MGM Resorts into a world-class entertainment destination, MGM Empire City, if awarded a commercial casino license for its historic Yonkers, New York site. Key elements of the phase one design include a comprehensive casino floor redevelopment and expansion, 5,000-capacity entertainment venue, state-of-the-art BetMGM sportsbook, food and beverage outlets by celebrated chefs, cocktail bars and loung